After rejected air rights sale, Ascend Group changes plans for LES site

Developer will now just build one tower

TRD NEW YORK /
Feb.February 26, 2019 02:30 PM

A rendering of 232 East Broadway (Credit: S4 Architecture)

Instead of two new towers in the Lower East Side, Ascend Group and its partners now plan to build one and convert an adjacent landmarked nursing home into a condominium building.

The development team seeks to construct a 28-story, 55-unit condo building at 232 East Broadway, and to renovate the former Bialystoker nursing home at 228 Broadway by creating 18 condo units, sources said. The project is being developed by Ascend, Round Square Development’s Rob Kaliner and Optimum Asset Management Group.

Kaliner said on Tuesday that Ascend had rebranded as Round Square. But his partner Wayne Heicklen — the second half of Ascend —  said the company, which is the holding company that appears on deed and mortgage documents for the property, remains intact.

The development team has not yet filed plans for the project with the city Department of Buildings.

Ascend originally sought to purchase 155,000 square feet of air rights from the neighboring Seward Park Cooperative, but the complex’s board ultimately rejected the $54 million deal in June. Some residents had objected to the size of the new towers. At the time, it was reported that the developer would instead move forward with two smaller buildings of 17 and 20 stories.

Under these new scaled-down plans, the new building and the renovated nursing home will together span 128,000 square feet, and will share amenities, like a swimming pool and movie screening room. Space 4 Architecture is the design architect, and SLCE Architects is the architect of record for the project.

The development team also plans to build a private park for residents at the former Dora Cohen Memorial Park site, where the developer had initially planned to build another tower.

Kaliner said he’s working with the Landmarks Planning Commission to upgrade the nursing home and give it more of an “aesthetically pleasing feel.”

“We will be gut renovating the existing structure, designing this building with very different finishes based on the historical nature of the building,” he said.

Correction: An earlier version of this story incorrectly stated that Ascend Group had rebranded to Round Square Development, based on information provided by Robert Kaliner.   


Related Articles

arrow_forward_ios
133-25 37th Avenue in Flushing

Developer Gary Tsan buys Flushing property for $60M

One Manhattan Square’s adult treehouse (Credit: Extell)

Check out Gary Barnett’s “Adult treehouse” at One Manhattan Square

South Carolina town puts moratorium on development (Credit: iStock)

The high cost of low taxes: South Carolina town bans all development for 16 months

U.S. Rep. Alexandria Ocasio-Cortez and Sunnyside Yards (inset) (Credit: Getty Images and Wikipedia)

AOC resigns from Queens megadevelopment steering committee

Donald Trump with Rep. Emanuel Cleaver II, Rep. Ron Kind and Sen. Cory Booker (Credit: Getty Images, iStock)

Trump’s Opportunity Zone program is under investigation

The agreement was signed today at UBC’s New York Council offices in Manhattan by Nathan Blecharczyk, Airbnb co-founder, Chief Strategy Officer, and Frank Spencer, General Vice President of UBC.

Airbnb hammers out partnership with carpenters’ union

Fotis Dulos (AP Images/ Erik Trautmann)

Connecticut developer Fotis Dulos charged with murder

Pier 40 and Gov. Andrew Cuomo (Credit: Wikipedia and Getty Images)

Cuomo kills Pier 40 redevelopment plan

arrow_forward_ios
Loading...